Chennai-based investor Dolly Khanna-backed Tinna Rubber and Infrastructure shares have given a stellar return to its shareholders.
The stock has delivered multibagger returns of 362.65% in the past year as its share price surged from ₹66.80 to ₹309.05. If an investor would have invested ₹1,00,000 in the shares of the company the value of their holdings would have been ₹ 4,62,650.
Dolly Khanna held a 1.7% stake in the company in December 2021, however, she sold 0.1% of her stake and booked profits. Currently, she has a 1.6% stake in the company. In other words, she holds 137,057 shares worth ₹4.2 Crores in the company.
The company’s shares had started trading ex-dividend on June 21, 2022. It had declared a dividend of ₹4 per share (40% on the face value of ₹10).
In the March quarter, the company’s profit jumped more than three times to ₹4.7 crores as compared to ₹1.07 crores during the same period last year. Further, its revenue rose 42% to ₹64 crores in the March quarter as against ₹45 crores during the corresponding quarter last year.
Tinna Rubber and Infrastructure Limited converts waste tyres into medicine droppers, conveyor belts, roads, sports turf, gym tiles, rubber mats and new tyres. Mahindra, Tata, CEAT, ONGC, and MRF are some of its major clients.
Written By – Simran Bafna
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